Tiger Logistics (India) shares soared today, trading at 69.38, a rise of 6.54% or 4.26 points from the previous close of 65.12 on the BSE. The stock opened at 65.00, reaching a high of 71.10 and a low of 63.00, with 2,76,291 shares traded so far.
The stock, categorized under the BSE group 'X' with a face value of 1, had a 52-week high of 87.00 on January 12, 2024, and a low of 31.99 on July 23, 2024. In the past week, it recorded a high of 72.09 and a low of 63.00. The company's market capitalization currently stands at 744.20 crore. Promoters hold a 57.10% stake, while institutional and non-institutional investors hold 8.07% and 34.83%, respectively.
Tiger Logistics recently achieved a significant milestone by being empaneled by Hindustan Petroleum Corporation Limited (HPCL) to handle critical freight and customs operations. This collaboration underscores Tiger Logistics' commitment to providing efficient, reliable, and innovative logistics solutions, bolstering its role in import-export operations for HPCL.
Earlier this year, the company strengthened its position in the logistics sector by renewing contracts with BHEL, BEML, and BNPLIPL. Key achievements include securing a warehousing deal with BHEL and managing major logistics projects for AAI and HAL. These partnerships align with Tiger Logistics' strategy of working closely with public sector entities, leveraging its expertise in global shipments and complex logistics management.
Tiger Logistics is a leading third-party logistics provider specializing in international freight handling for cargo and project operations.